March 04, 2013
Press Release No. 1
Clarification by NHPC Limited
Significant
price movement has been observed in NHPC Limited.
The
Exchange, in order to ensure that investors have latest relevant information
about the company and to inform the market place so that the interest of the
investors is safeguarded, had written to the company.
NHPC
Limited has vide its letter inter-alia stated, "This is to inform you that
as far as the fundamentals of the Company, there is no change which affects the
major price movement. In our opinion , there is no
issue in the Finance Bill which has any adverse effect on hydro sector."
Press Release No. 2
News about S. Kumars Nationwide Limited
The
media had reports that S. Kumars Nationwide Limited may sell its stake in its
subsidiary Reid and Taylor (India) Ltd.
The
Exchange, in order to verify the accuracy or otherwise of the information
reported in the media and to inform the market place so that the interest of
the investors is safeguarded, had written to the company.
S.
Kumars Nationwide Limited has vide its letter inter-alia stated, "The
Company is exploring various possibilities and avenues to raise funds for
meeting its obligations and business needs. Since the essentials such as the
methodology, quantum of fund raising etc., has not yet crystallised, we do not
wish to comment anything further with respect to the news item in subject. Reid
and Taylor (India) Ltd's
IPO, for which Reid and Taylor (India) Ltd had received approval
of SEBI, was deferred owing to unconducive market conditions and dull economy.
We assure you of keeping the stakeholders informed in a timely manner, of
material developments/price sensitive information, if any, by making necessary
disclosures."